As the entrepreneurial venture grows and the entrepreneur finds it increasingly difficult to go it alone,the next step is usually to ________.

Question

Quizplus · Accepted Answer

As the venture grows, it becomes difficult for the entrepreneur to handle all the functions alone. So, they need to hire employees to share the workload and take care of certain functions. Expanding the business or merging with other start-ups requires a lot of resources, planning, and efforts, which may not be feasible for every entrepreneur. And preparing a new business plan may not necessarily address the current problem of overwhelm and workload. Therefore, hiring employees is the best choice.

As the Entrepreneurial Venture Grows and the Entrepreneur Finds It